The Bankman-Fried scandal two years ago was a prime example of how easily crypto can be gamed and defrauded. He and his crew got caught but I wonder how many lost their stake forever due to the creative accounting these cats employed.
The lure of a big win is there but so is the significant element of risk.
https://www.npr.org/2022/12/12/1142361088/bankman-fried-ceo-ftx-crypto-exchange-arrested-bahamas-charges-sdny
https://apnews.com/article/sam-bankman-fried-ftx-cryptocurrency-sentencing-sbf-d7bb1a5e94b4c22039d74dfeab1a2ff1
__________________
2021 Cayman GTS 4.0L
2020 Macan (dog hauler)
Last edited by Cajundaddy; 01-03-2025 at 03:58 PM..
|